Adjustable-rate mortgages start lower but reset to market. This calculator compares total cost over your time horizon, including what happens when the introductory period ends.
All numbers are estimates. Your real loan depends on credit, equity, property type, and current rates. Run the math, then request a free quote.
Adjustable-rate mortgages get a bad reputation from the 2008 era, but they're legitimate financial tools when used in the right situation. The key question: how long will you actually keep the loan?
If you'll sell or refinance before the intro period ends, an ARM almost always wins on cost. If you'll keep it through and past the reset, you're betting on where rates go, and the math depends on the assumption you put into the "post-reset rate" field.
Conservative buyers, first-time homeowners, and anyone unsure about their timeline are usually better with a fixed-rate loan.
It's the biggest unknown in the comparison. Try the calculator with several different post-reset rates to see the range of outcomes, that's the real risk profile of an ARM.
The first number is the years your rate is fixed. After that, the rate adjusts (typically annually) based on a market index plus a margin set in the loan.
Yes. Most have an initial adjustment cap (often 2–5%), an annual cap (1–2%), and a lifetime cap (5–6%) above the start rate. The cap limits how much the rate can move at each reset.
Yes, it's a common strategy. If rates drop or you decide you want stability, refinancing out of an ARM into a fixed loan works the same as any other refinance.
Yes, especially in the jumbo space. We offer 10/1 and 7/1 IO ARM programs for qualified high-net-worth borrowers.
The calculator runs the comparison directly. Sometimes the ARM wins by tens of thousands; sometimes the fixed wins. It depends on your inputs and time horizon.
Take your inputs and get a real, written rate quote, usually within 1-2 business days.